The Indian Railways is likely to monetise assets amounting to Rs 1,52,496 crore under the national monetisation pipeline of public sector entities and central ministries.
The central government is anticipating a total monetisation potential worth Rs 6 lakh crore across a four-year period from FY22-25.
These plans aim to explore the private sector investment in order to create greater potentials for infrastructure creation.
“Most of the concerns have been taken care of and the station development programme is drawing a strong interest,” Indian Railway Board chairman Suneet Sharma was quoted in a report by the Financial Express.
The Railways is among the top five sectors that contribute around 83 per cent to the total aggregate value of the national monetization pipeline.
Redevelopment of 400 railway stations, 15 railway stadiums, 674 km of dedicated freight corridor, operations of about 90 passenger trains, 265 good sheds, 741 km of Konkan Railway along with other components are included in the entire monetisation plan.
The project aims to drive additional public investments by realising the investment values in brownfield public sector assets in the Railways.
The Railways will be monetising assets worth Rs 17,810 crore, Rs 57,222 crore, Rs 44,907 crore and Rs 32,557 crore each year from FY 22-25 respectively.